Maningas Cosmetic Surgery Center and Medial Office
NNN Leased ASC & MOB | 7.17% Cap | 10-Year Lease Extension
Marketing description
Zeustra is pleased to present the opportunity to acquire a 15,428 SF surgery center and medical office located at 620 W. 32nd Street in Joplin, Missouri. The property is positioned steps from Freeman Health System and adjacent to Kansas City University - Joplin, placing the asset in one of Joplin’s most established healthcare corridors.
The property is anchored by Maningas Cosmetic Surgery, a high-volume cosmetic surgery, med spa, and aesthetics platform that recently extended its lease for an additional 10 years. The practice is private equity backed through Courseview Capital and has made approximately $1.6 million of recent tenant improvements, reinforcing its long-term commitment to the location.
The offering provides durable NNN income, 3% annual rent increases, a 9-year weighted average lease term, and additional upside through approximately 1,638 SF of vacant space with a separate entrance.
Investment highlights
Recently Extended 10-Year Anchor Lease Maningas Cosmetic Surgery recently extended its lease for an additional 10 years, creating long-term income visibility and reducing near-term rollover risk.
Private Equity Backed Healthcare Tenant Maningas Cosmetic Surgery is backed by Courseview Capital, adding institutional sponsorship behind an established specialty healthcare operator.
Significant Tenant Investment Reinforces Stickiness The anchor tenant has invested approximately $1.6 million into the property over the last several years, including major renovations in 2020 and expanded med spa, consultation, and procedure areas in 2024.
Located in an Established Healthcare Corridor The property is located steps from Freeman Health System and adjacent to Kansas City University - Joplin, supporting patient convenience, referral activity, and long-term medical demand.
Strong Specialty Practice Growth Story Maningas Cosmetic Surgery offers cosmetic surgery, med spa, aesthetics, injectables, laser treatments, hair restoration, weight loss, hormone therapy, and wellness services, creating diversified revenue channels.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
